Corporate Responsibility is Good Business Corporate Responsibility Officers Conference May 10, 2007 – New York City

2 Corporate Responsibility is Good Business  Cummins History  Guiding Principles  Living the Values  CSR at Cummins Today  The Business Case for Corporate Responsibility

3 Cummins History  CSR from the beginning  J. Irwin Miller’s influence  Stakeholder concept  CSR evolves

4 Stakeholder Concept “While some argue that business has no social responsibility, we believe that our survival in the very long run is as dependent upon responsible citizenship in our communities and the society as it is on responsible technological, financial and production performance.” -- From the 1972 Cummins Annual Report

5 Guiding Principles  Vision  Mission  Values –Integrity –Diversity –Corporate Responsibility –Global Involvement Vision + Mission + values = Guiding Principles

6 Living the Values  South Africa  Domestic Partner Benefits  Sudan

7 CSR at Cummins Today  Strategic Discipline  Cummins Foundation  Policies  Guidelines  Community Involvement Teams

8 Cummins CSR Projects  Every Employee, Every Community  China Library  Brazil Good Neighbor Project  Mexico – Serving Marginalized Populations  India – College of Engineering for Women  Indianapolis – Children’s Museum

9 Business Case for Corporate Responsibility  Healthy Communities  Leadership Development  Recruitment and Retention  Right Thing to Do  Fun!

10 Final thoughts  No ‘magic bullet’ to create a responsible company.  Articulating clear guiding principles is crucial.  Good citizenship is good business.